2025-10-16 09:23:46 am | Source: Motilal Oswal Financial Services ltd
Neutral HDB Financial services limited for the Target Rs. 850 by Motilal Oswal Financial Services Ltd
* Estimate AUM growth of ~13% YoY/2% QoQ.
* Margin is projected to expand ~5bp QoQ in 2QFY26.
* Credit cost is expected to increase ~10bp QoQ to 2.6%
* The outlook on disbursements, loan growth and credit costs is a key monitorable.
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